Jonasdundee
Member
Most lower premium coins have 2-3 weeks delivery time now at all dealers I checked.
Most coins sold out in Oz as well
- Thread starter Jonasdundee
- Start date
What are you selling ?
This is the trading section
This is the trading section
Jonasdundee
Member
I'd say it's quite close to trading to inform people that silver is getting overbought. But of course, I am not selling anything.
General chat, dude..
Jonasdundee
Member
Apologies. :-(
SilverDJ
Well-Known Member
No less than 20 different 1oz coins in stock:
https://bullionmoney.com.au/silver-products/silver-coins/1-oz-silver-coins.html?p=2
https://bullionmoney.com.au/silver-products/silver-coins/1-oz-silver-coins.html?p=2
About 2 dozen assorted coins isn't that much stock. Some shops used to carry that many of a single design back in the heyday.
In Singapore, the low premium maples are all sold out. Low premium (4-6% over spot) Kilobars and 100 oz bars almost sold out at major dealers but smaller dealers still carry them. Overall, the stock availability for low premium silver is much lower than gold.
This is all within expectation as the silver inventory value is much lower than gold. A few tens of millions can buy up all the low premium retail silver bullion in the world.
It's obvious by now that silver spot is not real. I'm just wondering how long they can sustain the paper market before it breaks.
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I have the feeling the rush for silver bog rolls has started. No way the paper market can hold much longer. The shorts will be killed if they don't cover soon.
Watch this - https://www.nytimes.com/2020/03/15/opinion/andrew-cuomo-coronavirus-trump.html
"Andrew Cuomo to President Trump: Mobilize the Military".
Watch this - https://www.nytimes.com/2020/03/15/opinion/andrew-cuomo-coronavirus-trump.html
"Andrew Cuomo to President Trump: Mobilize the Military".
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